SOLUTION: A real estate agent has 18 properties that she shows. She feels that there is a 40% chance of selling any one property during a week. The chance of selling any one property is inde
Question 1132460: A real estate agent has 18 properties that she shows. She feels that there is a 40% chance of selling any one property during a week. The chance of selling any one property is independent of selling another property. Compute the probability of selling less than 2 properties in one week. (Answer must be written as a simplified fraction or rounded to four decimal places) Answer by ikleyn(52915) (Show Source): You can put this solution on YOUR website! .
P(selling less than 2) = P(selling no one) + P(selling exactly 1) =
= + = + =
= 0.000102 + 0.001219 = 0.001321 = 0.1321%. ANSWER